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of the market. how should investors play this such uncertain environment? >> well, turns out it's looking like a fiscal cliff hanger, doesn't it? up to the last minute. i think that investors tend to get caught up emotionally too much, and there's a couple things to do towards the end of the year. one is if you have not taken capital gains, going from 15% to 23.8%, do that monday. if you have a gain in a position, take it, buy it back right away, pay the tax at a lower rate. that's one of the things to do. also, make sure that next year you increase your 401(k) to 17,000 or 23,500 if you get the extra over 50 amount. take a roth 401(k) plan because that's more valuable as tax rates go up. ashley: good point. >> look at the conversions, the 529 plans, anything to be taxed hurts more. anything you can do as a consumer, and, of course, moonnies is more valuable next year as well. ashley: very good advice. you say don't sell in a down markets. put the cash to work. worried about catching the falling knife? >> not at all. the s&p500 up 15% going through the european crisis and the election. the mar
students. we want to create a safe learning environment. what happened in newtown, first let me say my prayers and thoughts go to that entire community. we need to change our security protocol. we're all anxiously waiting for a report to come out in newtown, to tell us where the weaknesses are, but until that time, our community has made a collective decision to protect our 8,000 students, to put in our police officers in each of our nine schools. >> when we look at republican-led legislatures that want to arm teachers in an effort to prevent another tragedy, this is also in coordinate with what we saw in webster, new york, where four firefighters showing up basically to a trap, two were shot and killed, two others were injured, in webs sister, new york, but i want to play what one of your own colleagues, michael nutter had to say about a plan like yours taking place in their area. take a listen. >> i guess, you know, out of last week's bizarre press statement, it wasn't a press conference, i guess mr. lapierre would then say that firefighters need to have armed guards go with them. i
and if they bring it back they're getting whacked with tax code. we need friendly tax environment for corporations to spend the $1.2 trillion they're sitting on. gregg: if we go over the cliff that is not tax friendly. matt mccall, president of pns financial group. good to see you, matt. heather: we're seeing a bright spot in the u.s. economy. qord according to national association of realtors sales of new home were highest since april of 2010. a homebuyer tax credit caused then a spike in sales. it measures the number of americans who signed contracts to buy homes. the report also points to higher sales of previously occupied homes in the coming months. gregg: former president george h.w. bush remains in a houston hospital where he continues to recover from a persistent fever and a cough. a family spokesman just giving us some, a new details, an update on his condition. mike tobin is live outside methodist hospital with the latest. mike? >> reporter: the latest, gregg, the latest release we got included the phrase, continues to improve in relation to the former president's condition. the staff ar
. that is the environment, really, and has little to do with the overall world business environment. it is a question of confidence. the insurance company, they did not think it could happen. that is the same reason, the same pressure that will keep you from getting funding. that being said, find a way. do it. when i said he will do a lot more, i believe that every person of your age or younger, every person in the earth your age or younger, can go into orbit in his lifetime if he wants to. think about that. have people been able to say that? or at least two space. >> i wanted to thank you for taking time out of your day to come and talk to us. have you ever grown tired of your craft, and if so, how do you continue and improve your drive toward your career? >> have i grown tired in designing and building airplanes? >> yes. >> you know, i thought i did when i retired. i spent the last four months of a 46-year career working 70 plus hours a week, working in the shop. i wanted to get the flying car, that new design, flying before april 1, when i was going to retire. i worked on christmas day, a few mont
the environment of deregulation, rules were cut back and we have the opposite going on right now. consumers elect to go spend but consumers are reluctant and producers are going up and regulatory costs makes it hard to make a buck in this type of environment. >> arthel: all right. happy new year. thank you so much. >> secretary of state hillary clinton is returning to the state department next week after three weeks off from a stomach virus and concussion that kept her from testifying on the terror attack in libya but republican lawmakers still want answers. the question that secretary of state may be facing when she goes to the hill in just a moment. >> arthel: just released papers from former british prime minister margret thatcher involving ronald regulate and involving the queen of england. , because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ >>. >> arthel: recently released documents showing margret thatcher in a rare visit made by ronald reagan back in 1982 including a case of b
watch your backstop, in anyone this your environment, before you fire at anybody. and so, every police officer, just because we wear a badge, we're not superheroes. it takes discipline and it takes training and then you expect, in a crisis, that we can perform at least to the levels that we've trained at. >> well, that's the hope. sheriff one final thing for you. i want to read you a quote, republican president dwight eisenhower who said back in 1957, "it will be a sad day for this country if children can safely attend their classes only under the protection of armed guards." what does that voice from the past say to you about today's america and your proposal? >> well, circumstances -- circumstances certainly have changed. do i want to see a teacher or a principal be armed? i don't. but this is a circumstance and the threat that we're presented with today. the same way, would we ever imagine asking pilots who are charged with this awesome responsibility of flying an aircraft, and yet here today, because i fly armed, i have to meet the pilots, and they say, sheriff, i'm armed. the othe
a sudden they will be operating in truly hostile environments where they do not have the hearts and minds of the people themselves. the latest reports out of syria, though, show no progress on the diplomatic front. so far the one peace enjoy who has been able to meet with president bashar al-assad has walked away with every one of the meetings, including won't day saying we are at the same point we were before a civil war going on, and bashar al-assad saying he's not leaving and will continue to fight even if that means killing thousands of more of his own people. >> reporter: it seems to be so difficult was bashar al-assad continues to blame all of this on insurgents or terrorists if you will. >> reporter: i'm sorry, say again. we're having a problem with the signal. >> reporter: i apologize for that. the problem really lies in bashar al-assad's stand. he continues to blame awful his attacks on his own country coming from terrorism. >> reporter: well, he may have a point at some level in that sense, kelly. you have the rebels who are based there inside of syria, a number of them are hard
environment for capital to have long-term economic growth we want thank you for coming on tonight, great stuff. gerri: some good news, mortgage rates this year were the lowest they have been in 60 years. unbelievable. thirty year fixed mortgage fell. it if l.a. 3.14%. freddy mac's reported 3.35%. even that is not the lowest we have seen this year. but it sure is close. that sounds like opportunity to me. the northeast is threatened to be slammed by another winter storm. we will be right back. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. gerri: giving you a quick recap of our top story tonight, president oama speaking just moments ago. in that immediate action is needed to avert falling off the fiscal
it with this bill right now. we want an environment that provides these options were the majority and minority leaders can work together with their conferences to move legislation forward. we have shown on several occasions we are entirely capable of that. but there is the erosion of certain practices like, as i said -- stop everything i object. you cannot do that. you have got to be on the floor. that objection may not hold. it has got to do with the desire to move. i can tell you, many of us are so nervous about this nuclear option -- you are asking whether or not you think you can get 60 votes. is that your question? >> at some point, you have to get the votes. if you want to keep it 60 -- >> we are hopeful between the two caucuses, there would be 60 votes in the standing order. >> does this mean that you and perhaps undecided democrats simply would not vote for the more ambitious public auction? >> it means that we would not change the rules and it would mean that the senate is not a continuing body. i am not going to try to characterize how many are troubled by the idea of the nuclear opt
and communities. right now we read them -- of, that's the liberal environment. we can't go there which is why we're losing tha battle. tom: the conversation takes place to sit connect the dots, listen, we thought we voted for this inspirational person. yet all we are getting is more debt handed to us. again, i repeat that republican and democrat plans to solve the fiscal cliff have nothing, are not reducing the deficit one iota. >> basically, i'm going to have to spend my prime years and the folks i know, spend their prime years paying off the interest payments. the fact of the matter is in the interest, social security and medicare will consume the budget in the near future, right when i probably want to be starting a business, getting my life going enough razzle want to get their life going. instead, will be paying taxes on lobbying indentured servants of the government. this is absolutely immoral to have this happen. this is what congress is passing on to us and is why conservatives in the house and senate need to be serious about these fiscal clff tops, especially about the debt ceiling, not
'm trying to do the right thing for the environment by walking, using my bike. taking public transportation. adam: how do you save money? when i buy car insurance, i'm buying the coverage, god forbid i should be in an accident. i might hurt somebody. how does your plan work? am i paying per mile? is there base fee? how does this work? do i get come probable coverage. >> yeah so there a base fee. people pay a few cents per mile. base what i happens is. you have you have a few cents per mile. the device tracks how many miles you drove in the month. when you get end of the month. here is rate per mile. here is number of miles i drove. here is what i pay. people see if i drive this many miles less this is how much i save. adam: base fee is 20 and $30, right? >> varies by person but 20 to $30 is the typical that we see. adam: then you will pay anywhere from two to six cents per mile? >> that sends to be what most people see, correct. adam: so, in a worst-case scenario, say i'm paying your most expensive base fee at your most expensive, you know, per mile right. what is my annual insurance cost g
. your only hope in this low return environment where cash and bonds pay nothing, we don't know what the dollar will be worth or where treasuries will be in a few years, your only hope is to hope growth of earnings and dividends. that's what you get in large cap multinational companies with good balance sheets that you only hope to accumulate capital over time if you're a young person with a 401(k) and trying to plan for retirement. >> both of you agree. it's uncertain but don't panic. great to have you both on the show. we're taking' quick brick. when we come back, more of "your money." 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with ka
on the environment for four years, but today, lisa jackson announced she's stepping down as administrator of the environmental protection agency. in a statement, jackson said, "i will leave the e.p.a. confident the ship is sailing in the right direction." jackson's tenure was defined in part by efforts to curb carbon emissions. in 2009, she formally declared greenhouse gases, including carbon dioxide, a threat to public health. that same day, she spoke on "the newshour." >> i join the president in calling for clean energy and climate legislation. and that's because i think having economy-wide legislation sends an unequivocal signal to the private sector that we really mean it, that we're moving towards green energy. >> brown: but a bill to cap greenhouse gases foundered in the democratic-controlled senate and never made it to the president's desk. jackson also pushed a rule to reduce smog, but it faced bitter opposition from republicans and industry over the cost and potential effect on jobs, and last year, president obama ordered it withdrawn. still, environmental groups praised jackson
on the unemployed. let's just kick them off unemployment insurance in an economic environment where we've historically never done that before. then let's see what happens. but, you know, what, it's actually even worse than that. what makes this a real punch to the gun is that what washington is now threatening to do, what they are just four days away from actually doing is taking away the extended unemployment insurance from those who have been unemployed the longest, and at the same time, by going over the fiscal cliff, bringing the recovery to a screeching halt, people argue over how bad it would be to go over the cliff, but everyone agrees, it would be bad. and if we go over for long enough, it will create a new recession. so now you don't have a job and you don't have unemployment insurance. you've been looking for a long time. and good luck finding a new job, because we just crashed the economy. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. we're now at the last minute. and the american people are no
of these are fights where the president has largely been absent. take guns or the environment, for example. and let's not forget about the rest of the world where any number of foreign policy entanglements could overwhelm the most carefully laid plans. let's bring in dana milbank and msnbc contributor jonathan capehart also of the "washington post" to help me sort out how does a man get it done in the second term? dana, you know, they say that the second term a president really has about 18 months to get anything done and after that you're pretty much a lame duck. now, of all the things i just listed, what do you think he should and what do you think he will try to tackle first? >> well, karen, first of all, i don't think he needs to surrender to the idea that he only has that 18-month period. it's not without precedent to achieve things later in the term. so, first of all, it's not necessarily such a narrow window. the other thing is assuming we have to do something with the fiscal cliff here, but even once that's done and presume lbl awhat we're looking at now is more of a smaller short-term fix,
, can you say climate change? not if you're studying the environment in virginia. that and other silly laws in the "sideshow." this is a great "sideshow" coming up. this is "hardball," the place for politics. [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >>> back to "hardball." now to the "sideshow." a good one i said. first, the right way to legisla legislate. think progress is out with a round of some of the most out there legislative moves we saw from the republicans side this past year. some "hardball" favorites from the list. first, how about banning the terms climate change and sea level rise from a request to study the causes of coastal flooding? that's exactly what happened in virginia in the republican-led legislature. the study could not get approval for funding until "left wing term" were yanked from the proposal like climate change a
dividends. they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield under 170, okay. >> really. let me get this straight. they can't get a deal on controlling out-of-control debt, so rates go down. i used to trade during graham/rudman and i remember when they couldn't get deficit
, dividend paying stocks in this environment, will, i think, be -- >> even with the, you know, our previous segment was talking about potential for big tax hikes on dividends. even with that, you'll still be going for dividend stocks? >> i think so. i heard that segment and i think we will be get an increase but we won't get that full effect going to the maximum tax rates. >> right. we can only hope there. >> looking in that 20% range. >> chad, what are your expectations? >> well, i think you're going to go over the cliff, but you're going to get a mini bargain. any market dislocation you have over the next 15 trading days, i'd be a buyer. in the long run, we have the economy that's improving, stall speed, but that will gradually increase over the course of the year. once you have some more certainty. so, you'll get some capital spending, you'll get retail investors that will be a little bit more optimistic as well as institutional inves or thes will start to click and up their equity allocation. >> where does 2013 end up for the market? >> i'm looking very positive. i'm bullish in premise
. >>? >> you got it, michelle. we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to protect assets of going over the fiscal cliff, planners and wealth managers say it's been a banner year especially for estate planning and here's a couple of reason yes. there's a big change coming with the gift tax. right now there's a $5 million exempted and the tax rate is 35%. on midnight on new year's eve the exemption drops to 1 million and the tax rate goes on 55% and the capital gains tax rate expected to increase from 15% to 20% and the brand new 3.8% medicare tax on wage earners above 200,000 a year and a possible future cap on general deductions is all part of that renewed interest and estate planning. among those closely watching what the president and top congressional leaders do over the weekend to avoid going over the cliff, millions of married couples facing a higher tax burden. the bush-era tax law which eliminated the so-called marriage penalty for joint filers is expiring, meaning with couples with nex
. this is the environment right now. it is a holiday but we will watch each sector under pressure. lori: more news then redo this time. tracy: fiscal clef finger-pointing underway in washington. harry reid says they're headed over the cliff. it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to mak
in that environment is to have it both ways. my view is there is too much classified information. my view is there is too much secrecy in general, and we should probably we think a lot of how we do it. i am inclined to want to see diplomats like susan rice to be as candid as possible with the public. there is another view on that, that we spell too many secrets. -- spill too many secrets. host: this goes back to the 9/11 commission and how intelligence is shared amongst agencies. guest: to me, it is one of these fascinating things that always comes up. whenever there is a catastrophe like 9/11 or the u.s.s. cole, everybody always says they did not share the information. one part of the government had one piece and they did not connect the dots. in the intelligence business, you're getting information from very technical sources or wiretaps or satellites that we do not want other people to know about. people in the business want to usually keep the stuff they collect in as small a group responsible in order to avoid the other big problem of moles and so forth. if you look at wikileaks, thi
with the environment, being off the grid, so there is no cell phone service here. and really, really appreciating your surroundings. the bay of fire in australia is in the most stunning, most unspoiled area of tazmania in the northwest coast. this is a place that really you have to be committed to going to, because part of the process of getting there is actually hiking for two days on these beautiful white sand dunes, and you hike -- it's not a lot of hiking, but you are definitely out there, and being a little bit adventurous. this is a place, again, that's off the grid. you're going to have no tvs, you're going to be pumping the water for your own showers. the reason you go there and the payoff, the incredible wildlife. you want to see wombats, wallabees, kangaroos, this is the place to go. hicks island is the brain child of an architect who was obsessed with how beautiful the surroundings were and wanted to celebrate that. so he built these incredible modern structures that are made of concrete, and the rooms only have three sides. that means one side is completely open to the elements. the brand-
sustainable future where we are in harmony with the environment and the planet. a lot of corporations are doing those things, but not as well as corporations could. corporations could contribute still more toward human welfare and avoid doing damage in some areas where they do, if only we can correct what i have come to view as a very mistaken and ultimately counterproductive idea that has captured the business world. this is the idea that corporations are run well, when they are run to maximize shareholder value, specifically measured by share price. many people in the room may have the reaction, but isn't that something that has been accepted forever? don't we all know that the purpose of the corporation is to maximize profits for shareholders? i would say no, actually, that is not an idea that has been around forever. that is a pretty new idea. if you were to get in a time machine and go back and study the first eight decades of the 20th century, and it is at the beginning of the 20th century were refer start to see the great public corporations that we think of today when we think
bill. there has got to be an environment that provides these options for the majority leader and minority leader working together with their consciences to move legislation forward and we have shown on several occasions that we are entirely capable of that but we want to do away with the erosion of certain practices like -- stop everything, i object. you can't do that, you have to be down on the floor. then, it might not hold. it has to do the desire to move and i can tell you that many of us have been around for a while and were so nervous about this possible option that may be there to be a lot more comedy as we just saw with the sandy bill. >> if you are asking whether or not the thing we did get 60 votes for a standing order. >> you want to get to 60. between hopeful that the two caucuses, there will be 60 votes for the standing order. >> does this mean that you and perhaps the democrats are more ambitious option by the junior colleagues. >> the number of us are very deeply troubled by the idea that we produce something in violation to the rules to change the rules. the s
the question of canada to be cut? is it politically possible in this environment to get enough republicans and democrats to support a deal that the white house wants on deficit reduction? because they been to the altar so many times on this same issue, taxes, medicare, social security, defense spending, you must wonder, if there's any agreement possible. host: first, commented today from the senate republican leader mitch mcconnell, who will join his colleagues later today at the white house. [video clip] >> i told the president last night we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. republicans are not about to write a blank check or anything senate democrats before or just because we find ourselves at the edge of the cliff. that would not be fair to the american people. that said, we will see what the president has to propose. members on both sides will review it. then we will decide how best to proceed. hopefully, there's still time for an agreement of some kind
businesses and private money and investment in private investment and the environment. >> i've been doing this almost 23 years we need certainty. we want to invest our money, but we want to know the rules aren't going to challenge. if carbon's the bag thing, that i'm not going to be disadvantaged if i'm clean. don't put me on a player field that's harder for me to compete. >> what's your plan for the second term? are you sticking around? >> what i can say is i'm very limited. we have so much work to do. >> in a statement president obama says jackson has shown an unwavering commitment to the health of our families and our children. >>> so russia may soon ban adoptions by americans. many are opposing the ban including this young whom tells me her own inspire i story about her adoption. ♪ you are my sunshine, my only sunshine ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were y
environment. greg: some of the things that they are trying to wrestle with are not just taxes going up on everybody. but also things like the alternative minimum tax, not to forget payroll tax. none of that is addressed in legislation, is that? >> literature that i've read through, i don't see any attention being paid to that. quite frankly, i am surprised that more hasn't been paid to taxes and spending earlier on. here we are in the last inning, trying to avoid going over the debt ceiling by issuing low-priced treasury securities, suspending those so that we don't hold the debt ceiling. we don't want breathing room until february. we want to have a plan in place that outlines a good plan. greg: procrastinators in washington dc -- they don't do anything unless they have to, right? >> it seems that way. it's unfortunate because i don't realize the exact ramifications. greg: thank you so much for joining us. happy holidays. >> happy holidays to you as well. heather: coming up, the person sentenced to death and then set free for converting from muslim to christianity. more coming up next
up. it's already a financially constrained environment. but customers tax rates will go up creating less demand for my products and less revenue for me and less tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go ahead and eliminate those tax cuts for the wealthiest individuals. if we all look at it and tried to consider what was going to work for the best, we needed to look at consumer demand. consumer demand is in the 98% of us who are out there driving the economy. the economy require strong consumer sentiment and strong business. i am urging congress to take action. stop playing games. let's move on. thank you. [applause] >> thank you so much, bob. it's a wonderful to have a sensible message from a a small business who really knows what makes our country work. now, i am honored to introduce to you stu and theresa. the mother of three in maryland and will talk to us about the reality she experiences both house and mother but also wor
is the honorable sherman, under secretary for natural resources and environment at the u.s. department of agriculture. he has a holiday message to share with you as well. [applause] >> speaker boehner, senators udall and bennett, congressman tipton and distinguished guests, on behalf of the secretary, tom vilsack and our chief of the forest service, i would like to say a few words if i can. each year, the capitol christmas tree comes from the u.s. forest service, which is an agency within usda and eachier we -- each year we select that tree from a different forest. this tree is from a small town called meeker, colorado in the white river national forest in the high mountain areas of colorado. 73 it's a spruce tree and feet tall and happens to be 74 years old. it's only the third time in colorado's history that colorado has provided the capitol christmas tree and i'm particularly proud of that since i'm a colorado resident. yay, colorado! [cheers and applause] >> we call this the people's tree for good reason and that's because it comes from our public lands, which are owned by all the
're all in a group in the roosevelt room or in the cabinet room. it is a more casual environment. they're sitting probably on couches or chairs near each other. but the problem, don, is that if the president tries to sweeten the deal to woo more republican votes, then he risks losing lots of democratic votes and vice versa. this is really an issue about the fundamental differences between the two parties, the role of government in american life, that's why it is so hard to get to a deal. >> how dramatic. who would think talking about money and fiscal issues would garner so much drama, jessica. >> reporter: well, it is washington. and it is a lot at stake. it is about people's taxes, and, you know, the social safety net in america. it is the difference between democrats and republicans. >> yeah. we're going to talk more about the money now. thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin
in the street. and if they come here, it's a real nice environment for them. >> everybody get into the ring. we're going to have the rap session. >> this week i want to talk about unity. in this gym, we are a community. >> we not only do boxing, we do youth development. when you walk in the door, we're not only teaching you boxing, we're also teaching you that you know you have to go to school. we have three or four tutors that we're trying to get these kids' grades up. i used to have average like b, cs, now i get as and bs. >> we're going to have to put everything we've got into that one minute. >> i joined boxing to stay away from the streets and to get my life together. so it literally saved my life, boxing. i want these kids to go to college for the next generation will be more powerful in our life. we're more than just tough. we're also smart. >> i want to become a champion. and i want to show people that this neighborhood is not only about violence, that there's people in here in the neighborhood that are determined to become somebody in life. >> if i help two, three kids a year, that's a
as possible. the longer this drags out, the more likely it is that the environment becomes more partisan, more toxic, and we don't put a sensible and gradual debt deal in place in time. so what i hope is that if they come up with this way to avert the tax increase for most american families, they also put in place some kind of process that keeps the discussions going. and really, they need to devote themselves to the discussions. january should not be put your head down and focus on ignoring the problem month. it should be bring the leaders back to washington and really have the talks start in earnest if they don't get this resolved in december which it appears clearly that they're not going to. >> okay. the debt ceiling, we're about to reach that limit next week as well. timothy geithner, the treasure secretariry saying he can keep the economy going for a couple of months. what are your hopes for that debt ceiling debate that no doubt is going to have to happen by what, february? >> the debt ceiling in the past has played an important role that is a speed bump when we are borrowing too quickl
was a generation ago. it was a very different political environment. i mean, as we saw last week, house republicans are not really inclined to compromise on their core principles, which are keeping taxes low and the second amendment. so i think eleanor's right. the only way you can maybe get something passed is to pair it with, you know, other options that they would agree to. they'd say, okay, we're going to get more, you know, mental health resources to prevent this from happening again. and okay maybe we'll agree to some limits on guns. you know, related to that, i would point out that the nra's latest proposal would cost $7 billion according to my back of the envelope calculations. >> you mean to put police officers in every school? >> yeah. you've got 100,000 public schools. right now you have about a third of them that have armed security guards of one kind or another. so that means you've got two-thirds, 70,000, costs about $100,000 to pay a salary and benefits for a police officer so, that comes out to $7 billion. to put that in perspective, the fbi's annual budget is $8 billion. now, i don
people, there is a lot of entrepreneurial energy wearing to go. if you get a more benign environment, that energy would burst forth. host: jkl tweets in, raise in the tops tax rate will not make a dent in the annual deficit. money gravitates to tax write- offs and crafted loopholes. guest: that is what you are seeing happening in europe when they are raising tax rates. lower the rates, get rid of these massive deductions,, and you would see a cleaner code, and less corrupt code. host: valerie in new jersey on our line for democrats. caller: good morning. the more i listen to mr. forbes speak, i am reminded why the reasons why i have lately not been a consistent your of c- span -- viewer of c-span anymore. they twist the truth. there is no integrity and what is said anymore. if you look at the record of spending -- mr. forbes mentioned mr. obama's spending being higher than the bush years. that is not true. the deficit which increases our debt grew so much under obama because he put both wars into the budget. george bush kept him out of the budget -- them out of the budget. was not pa
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